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skio

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Company Domain www.skio.com link_icon
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Company Research Report: Skio



Company Overview



  • Name: Skio

  • Mission: Skio aims to help brands on Shopify sell subscriptions more efficiently, enhancing customer experience and maximizing revenue for their clients.

  • Founded: 2021

  • Founder: Kennan Davison

  • Key People:

  • Kennan Davison - Founder and Chairman

  • Aidan Thibodeaux - CEO

  • Andrew Chen - CTO

  • Headquarters: No information is available

  • Number of Employees: 42

  • Revenue: $10M ARR (Annual Recurring Revenue) as of June 2024

  • What is the Company Known For: Skio is known for providing an unrivaled subscription experience through its platform, trusted by over 1029 brands. The platform is built by a team with experience from top companies like Shopify, Recharge, Google, Amazon, and Facebook.


Products



  • Subscription Platform for Shopify:

  • High-Level Description: Skio provides a subscription management platform that integrates with Shopify, allowing businesses to manage and optimize their subscription offerings seamlessly.

  • Key Features:

  • 1-click Checkout: Native Shopify checkout experience with Shop Pay for increased conversion rates.

  • Passwordless Login: Secure and simplified login process using 4-digit codes sent via SMS and email.

  • Comprehensive Analytics: Features for revenue tracking, forecasting, cohort analysis, and more.

  • Conditional Cancel Flows: Customizable experiences to reduce churn and increase customer retention.

  • Family Plans: Options for group subscriptions with discounts, similar to Spotify's family plan model.

  • Volume Discounts and Surprise & Delight: Features designed to increase average order value and reduce churn through strategic upselling and customer engagement.


Recent Developments



  • Migration and Integration Enhancements:

  • Skio provides seamless migration services from other platforms like Recharge, with a dedicated Launch Engineering team for white-glove onboarding.

  • New Features Added:

  • Introduction of features like Conditional Cancel Flows and 1-click checkout integration with Shopify.

  • Enhanced customer portal that uses modern technology like React, Next.js, and GraphQL.

  • Partnerships:

  • Established integrations with leading services like Klaviyo, Attentive, Zendesk, and more to expand the capabilities and seamless operations for their users.

  • Growth:

  • Significant subscription growth achieved for various brands leading to up to a 400% increase in subscriber base for clients like Gains In Bulk.

  • Achievements:

  • Achieved profitability with $10M ARR after raising $8.4M, showcasing efficient growth and business model viability.


For more information about potential partnership opportunities or platform features, interested parties can contact Skio directly for a demo or to explore custom solutions.
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